This is going to be an interesting summer. Clearly, we are headed toward some kind of epic budget impasse, driven by the need to raise the debt ceiling (something acknowledged by most in both parties) and the Republican desire to use that need as a lever to gain spending cuts.
Into the fray step Joe Lieberman and Tom Coburn with a plan to cut $600B in Medicare spending in the next decade, in no small part by raising the Medicare age to 67 from its current 65.
Democratic reaction was predictable. Here is Madame (Former) Speaker Pelosi: “It is unfair to ask seniors to get less in benefits and wait longer to get onto Medicare — all while Republicans back tax breaks for big oil and corporations that ship American jobs overseas,” Pelosi said. Yawn.
We have come to a lamentable place in the evolution of this country when a political party cannot bring itself to cut benefits for people who aren't even receiving them yet, or to delay benefits for people who do not qualify for them.
Every time I hear Pelosi talk about "tax breaks for big oil", I want to see statistics on the profit margins for companies operating in and near her district--you know, San Fran, Silicon Valley.....where margins DWARF those earned by the oil companies.